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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessICE BRENT: (V18) Bearish Break *RES 4:....>
OIL TECHS: ICE BRENT: (V18) Bearish Break
*RES 4: $75.79 - High July 30
*RES 3: $75.54 - 55-DMA
*RES 2: $74.73 - 21-DMA
*RES 1: $74.35 - Low July 26, 27
*PRICE: $73.92 @ 0150GMT
*SUP 1: $73.48 - Low July 25
*SUP 2: $72.78 - Low July 23
*SUP 3: $71.90 - Low July 19
*SUP 4: $71.30 - Low July 18
Yesterday's selloff has broken uptrend support from the July 18 lows and shifted
the focus squarely bearish. The next level of support comes in at the July 25
low of $73.48. Bulls need to rally back above $74.35, which marks the lows seen
on July 26,27, to repair some of the technical damage.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.